IAR Systems completes review and carries out impairment of non-relevant products
Stockholm, Sweden—December 17, 2021— IAR Systems Group AB is carrying out a preliminary total impairment of SEK 116m on individual intangible development assets that are no longer relevant products, mainly within the area of security (SEK 94m) and to a lesser extent within embedded systems, as a result of a revised assessment of the rate of innovation and development, which also affects the amortization periods of certain intangible assets for the future. The impairment is of a non-recurring nature and will not affect cash flow.“Management has reviewed both our established development